DoorDash (NASDAQ:DASH) Price Target Raised to $235.00 at Truist Financial

DoorDash (NASDAQ:DASH) had its price target boosted by Truist Financial from $217.00 to $235.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

DASH has been the subject of several other reports. Needham & Company LLC boosted their target price on shares of DoorDash from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group upped their target price on DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Roth Mkm boosted their price objective on shares of DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a research note on Wednesday. Evercore ISI lifted their target price on shares of DoorDash from $200.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Citigroup boosted their target price on shares of DoorDash from $211.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.67.

DoorDash Price Performance

DASH opened at $200.89 on Wednesday. DoorDash has a 1 year low of $99.32 and a 1 year high of $201.17. The stock has a fifty day moving average price of $178.00 and a 200 day moving average price of $156.37.

Insider Buying and Selling

In other DoorDash news, COO Prabir Adarkar sold 20,000 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $168.53, for a total transaction of $3,370,600.00. Following the sale, the chief operating officer now directly owns 925,222 shares of the company’s stock, valued at approximately $155,927,663.66. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the completion of the sale, the director now directly owns 16,176 shares in the company, valued at approximately $2,722,744.32. The trade was a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,040,758 shares of company stock worth $181,434,201. 7.92% of the stock is owned by insiders.

Institutional Investors Weigh In On DoorDash

Hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its position in DoorDash by 6.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 92,012 shares of the company’s stock worth $15,435,000 after acquiring an additional 5,617 shares during the last quarter. Aviva PLC boosted its stake in DoorDash by 1,306.8% in the 4th quarter. Aviva PLC now owns 186,790 shares of the company’s stock valued at $31,334,000 after purchasing an additional 173,512 shares during the period. Resona Asset Management Co. Ltd. bought a new position in DoorDash during the 4th quarter worth $15,134,000. Prudential PLC lifted its holdings in shares of DoorDash by 33.5% during the fourth quarter. Prudential PLC now owns 6,871 shares of the company’s stock worth $1,153,000 after buying an additional 1,723 shares in the last quarter. Finally, ExodusPoint Capital Management LP grew its stake in shares of DoorDash by 39.8% in the fourth quarter. ExodusPoint Capital Management LP now owns 85,917 shares of the company’s stock valued at $14,413,000 after acquiring an additional 24,466 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

About DoorDash

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.